Overview

* Andersons Q2 adjusted EPS of $0.24 missed analyst expectations, per LSEG data

* Adjusted net income and adjusted EBITDA both missed analyst estimates, per LSEG data

* Co acquired full ownership of The Andersons Marathon Holdings LLC for $425 mln

Outlook

* Company expects Houston port project completion by mid-2026

* Andersons anticipates favorable grain values in late 2025

* Andersons expects strong ethanol demand through summer

Result Drivers

* ETHANOL STRATEGY - Acquisition of full ownership in TAMH aligns with strategy to grow earnings through ethanol investments, per CEO Bill Krueger

* GRAIN OVERSUPPLY - Agribusiness faced low grain prices and limited forward contracting due to surplus grain and weak demand

* RENEWABLES CHALLENGES - Lower board crush, higher corn basis, and increased natural gas costs impacted Renewables margins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $3.14

and bln

Merchand

ising

Revenues

Q2 Miss $0.24 $0.51 (3

Adjusted Analysts

EPS )

Q2 EPS $0.23

Q2 Miss $8.40 $17.60

Adjusted mln mln (3

Net Analysts

Income )

Q2 Net $7.90

Income mln

Q2 Miss $65.20 $80.10

Adjusted mln mln (3

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the fishing & farming peer group is "buy"

* Wall Street's median 12-month price target for Andersons Inc ( ANDE ) is $45.00, about 22.9% above its August 1 closing price of $34.69

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)